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Values Embodied in Factors and Weights

Summary:
bit.ly/dsia02e – Fifth & Final Part of Lecture 2 on Descriptive Statistics: An Islamic Approach. Rankings are always based on choice of factors, weights given to them. There is no objective way to choose factors and weights – these always represent ideologies. However, this involvement of values is concealed in objective looking numbers. This leads ...

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bit.ly/dsia02e – Fifth & Final Part of Lecture 2 on Descriptive Statistics: An Islamic Approach. Rankings are always based on choice of factors, weights given to them. There is no objective way to choose factors and weights – these always represent ideologies. However, this involvement of values is concealed in objective looking numbers. This leads to a lot of harmful policies when people focus on improving numbers, instead of the reality behind the numbers.


Asad Zaman
Physician executive. All opinions are my personal. It is okay for me to be confused as I’m learning every day. Judge me and be confused as well.

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